One of the most common steps homeowners take when preparing to list a home for sale is to crunch numbers. As a homeowner, you want to ensure that you can get a reasonable price for your home so that you can pay off your existing mortgage and hopefully turn a decent profit. You may need to use the proceeds to pay for another house, to pay off debts or to accomplish other substantial goals. Many sellers will use the services of a real estate agent to list their home for sale as well, but real estate agent fees eat away at your profit from selling the house. Because of this, you may be wondering if you really need to hire a real estate agent Toronto to help you sell your house. Agents offer true value to sellers in a number of ways, and you may find that their services are well worth paying for.
Setting a Reasonable Asking Price
Many homeowners have a fair idea about how much their home is worth, but there is strategy associated with establishing a firm list price. For example, agents will review market data to determine a high and low end value for your home. Depending on if you want to get top dollar or you want to sell quickly, the agent can then advise you of a price that meets your objectives.
Marketing Your Home
Agents also actively market your home, and their services include everything from placing a sign in the front yard to advertising it online and hosting open houses. Sellers typically will have to pay fees to market their property online, to create marketing flyers, to buy yard signs and more. Therefore, there is some cost to the homeowner to market the home on his or her own.
Negotiating With the Buyer
Once a buyer has made an offer, negotiations typically ensue. Negotiations may be for the sales price, who pays closing costs, repair items that need to be made to the house, when the closing date will be and more. Some homeowners are not comfortable with or skilled at negotiating, and the skills of a real estate agent can be invaluable in this area.
Working With Third Parties
Another service offered by agents relates to third parties, such as the appraiser, property inspector, title company, lender and more. Many different components have to come together to sell a house. Your agent will guide you through this process and typically will actively communicate with third parties on your behalf to reduce your stress level and to ensure that tasks are taken care of in a timely manner.
If you are thinking about selling your home, rest assured that you do not have to use the services of a real estate agent. However, as you can see, agents bring true value to the transaction through their efforts. Consider interviewing a few agents to learn more about how they can help you to sell your house.